Emotions run high during the divorce process and often times, those emotions pour over and affect the division of any real estate a couple might own. Should the couple sell the family house completely or should one spouse buy out the interest of the other? How will the valuation of the house be determined? We’re exploring the common pitfalls often associated with the division of real property during the divorce process.
We’re joined by brother and sister realtor duo, George Hanold and Regan Beegle of Hanold Properties, to share with us their insights on how divorcing couples can handle their real estate in a respectful and beneficial way. Hanold Properties is a real estate brokerage firm in Newport Beach, California
What We Discussed in This Episode:
- What should couples look out for with respect to their real estate?
- Why title on a property doesn’t necessarily control
- What are two important factors to consider when determining whether real property is separate or community property?
- Should one spouse buy the family home in order to hold on to it?
- Can you trust online property value calculators like Zillow?
- What kind of impact does the home valuation make on a divorce settlement or judgment?
- If one spouse decides to buy the other spouse out of his/her share of the house, should the buyer insist on an inspection of the family home prior to purchase?
- What happens when both spouses have their own realtors and both sides insist on using their own realtor?
- If there has been a refinance on the family home, should a buyer-spouse use the appraisal issued by the bank?
- What type of tax consequences, maintenance costs, and market trends should couples account for?
Contact Information:
Website:
www.HanoldProperties.com
Facebook:
https://www.facebook.com/HanoldProperties/
Zillow Review page:
https://www.zillow.com/profile/HanoldProperties/#reviews
George's cell: (949) 836-5479
Regan's cell: (949) 836-5480
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This podcast is for informational and educational purposes only. It is not to be construed as legal advice specific to your circumstances. If you need help with any legal matters, be sure to consult with an attorney regarding your specific needs.